Wednesday , 26 November 2014

Update: These 90 Analysts Believe Gold Will Go to $5,000/ozt. – or More!

Of the 133 analysts who have now gone public in maintaining that gold will eventually go to a parabolic peak price of $2,500/ozt.+ before the bubble bursts 90 – yes 90 – maintain that gold will reach at least $5,000 per ozt. Take a look here at who is projecting what, by when. Words: 954

Lorimer Wilson (www.FinancialArticleSummariesToday.com and $  www.munKNEE.com) identifies below the 133 analysts by name with their price projections and time  frame. Please note that this complete paragraph, and a link back to the original article*, must be included in any article posting or re-posting to avoid copyright infringement. 

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To see the latest update please go here.

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Editor’s Note: If you find a name or two missing from the list below I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case to editor@munKNEE.com  so I can have the most comprehensive list available on the internet. To be included in the list only projections of gold achieving a parabolic top of at least $2,500 per troy ounce (for an excellent article on gold karats and troy ounces go here 1), accompanied by sound reasons, will be included in the revised list. For some insights into what the implications of such high gold prices would have on the price of silver go here (2) for an excellent article on the historical goldsilver ratio. How much gold should you buy? Read this (3) article for some guidance in that regard.

3 Analysts See Gold Reaching its Parabolic Peak Sometime in 2011

  1. Bob Kirtley: $10,000;
  2. Patrick Kerr: $5,000 – $10,000;
  3. Taran Marwah: $3,000;

10 Analysts See Gold Reaching its Peak Before the End of 2012

  1. Arnold Bock: $10,000;
  2. Porter Stansberry: $10,000;
  3. Taran Marwah: $6,000+;
  4. Greg McCoach: $5,000+;
  5. Robert McEwen: $5,000;
  6. Mary Anne and Pamela Aden: $3,000 – $5,000;
  7. John Paulson: $2,400 – $4,000;
  8. Ian McAvity: $2,500 – $3,000;
  9. Peter Hambro: $2,500;
  10. Charles Nenner: $2,500

These 11 Analysts See Gold Going Parabolic to +$10,000

  1. DoctoRX: $20,000 (by 2020);
  2. Mike Maloney: $15,000;
  3. Ben Davies: $10,000 – $15,000;  
  4. Howard Katz: $14,000;
  5. Jeffrey Lewis: $7,000 – $14,000;
  6. Jim Sinclair: $12,455;
  7. Goldrunner: $10,000 – $12,000;
  8. Martin Armstrong: $5,000 – $12,000 (by 2015/16);
  9. Robin Griffiths: $3,000 – $12,000 (by 2015); 
  10. Jim Rickards: $4,000 – $11,000;
  11. Roland Watson: $10,800;

These 46 Analysts See Gold Price Peaking Between $5,001 and $10,000

  1. Bob Kirtley: $10,000 (by 2011);
  2. Arnold Bock: $10,000 (by 2012);
  3. Porter Stansberry: $10,000 (by 2012);
  4. Peter George: $10,000 (by 2015);
  5. Tom Fischer: $10,000;
  6. Shayne McGuire: $10,000;
  7. Eric Hommelberg: $10,000;
  8. David Petch: $6,000 – $10,000;  
  9. Gerald Celente: $6,000 – $10,000;
  10. Egon von Greyerz: $6,000 – $10,000;
  11. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
  12. Patrick Kerr: $5,000 – $10,000 (by 2011);
  13. Peter Millar: $5,000 – $10,000;
  14. Roger Wiegand: $5,000 – $10,000;
  15. Alf Field: $4,250 – $10,000;
  16. Jeff Nielson: $3,000 – $10,000;
  17. Dennis van Ek: $9,000 (by 2015);
  18. Dominic Frisby: $8,000;
  19. Paul Brodsky: $8,000;  
  20. James Turk: $8,000 (by 2015);
  21. Joseph Russo: $7,000 – $8,000;
  22. Bob Chapman: $7,700;                        
  23. Michael Rozeff: $2,865 – $7,151;
  24. Jim Willie: $7,000;
  25. Greg McCoach: $6,500;
  26. Dylan Grice: $6,300;
  27. Chris Mack: $6,241.64 (by 2015);
  28. Chuck DiFalco: $6,214 (by 2018);                                                        
  29. Jeff Clark: $6,214;                                                                                          
  30. Aubie Baltin: $6,200 (by 2017);
  31. Murray Sabrin: $6,153;                                                                                                      
  32. Adam Hamilton: $6,000+;                                                     
  33. Samuel “Bud” Kress: $6,000 (by 2014);
  34. Robert Kientz: $6,000;
  35. Harry Schultz: $6,000;
  36. John Bougearel: $6,000;
  37. David Tice: $5,000 – $6,000;
  38. Laurence Hunt: $5,000 – $6,000 (by 2019);
  39. Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec.2012, respectively);       
  40. Martin Hutchinson: $3,100 – $5,700;
  41. Stephen Leeb: $5,500 (by 2015);
  42. Louise Yamada: $5,200;
  43. Jeremy Charlesworth: $5,000+;
  44. Przemyslaw Radomski: $5,000+;
  45. Jason Hamlin: $5,000+;
  46. David McAlvany: $5,000+                                   

Cumulative sub-total: 57

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These 33 Analysts Believe Gold Price Could Go As High As $5,000

  1. David Rosenberg: $5,000;
  2. James West: $5,000;
  3. Doug Casey: $5,000;
  4. Peter Cooper: $5,000;
  5. Robert McEwen: $5,000; (by 2012 – 2014)
  6. Peter Krauth: $5,000;
  7. Tim Iacono: $5,000 (by 2017);
  8. Christopher Wyke: $5,000;
  9. Frank Barbera: $5,000;
  10. John Lee: $5,000;
  11. Barry Dawes: $5,000;              
  12. Bob Lenzer: $5,000 (by 2015);
  13. Steve Betts: $5,000;
  14. Stewart Thomson: $5,000;
  15. Charles Morris: $5,000 (by 2015);
  16. Marvin Clark: $5,000 (by 2015);
  17. Eric Sprott: $5,000;
  18. Nathan Narusis: $5,000;
  19. Bud Conrad: $4,000 – $5,000;
  20. Paul Mylchreest: $4,000 – $5,000;
  21. Pierre Lassonde: $4,000 – $5,000;
  22. Willem Middelkoop: $4,000 – $5,000;
  23. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
  24. James Dines: $3,000 – $5,000;
  25. Bill Murphy: $3,000 – $5,000;
  26. Bill Bonner: $3,000 – $5,000;
  27. Peter Degraaf: $2,500 – $5,000;
  28. Eric Janszen: $2,500 – $5,000;
  29. Larry Jeddeloh: $2,300 – $5,000 (by 2013);
  30. Larry Edelson: $2,300 – $5,000 (by 2015);
  31. Luke Burgess: $2,000 – $5,000;
  32. Marc Faber: $1,500 – $5,000;   
  33. Robert Lloyd-George: $5,000 (by 2014)                                                 

Cumulative sub-total: 90

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31 Analysts Believe Gold Will Go Up to Between $3,000 and $4,999

  1. David Moenning: $4,525;                                                                                                          
  2. Larry Reaugh: $4,000+;
  3. Ernest Kepper: $4,000;                                                                                       
  4. Mike Knowles: $4,000;
  5. Ian Gordon/Christopher Funston: $4,000;
  6. Barry Elias: $4,000; (by 2020);                                                              
  7. Jay Taylor: $3,000 – $4,000;                                     
  8. Christian Barnard: $2,500 – $4,000;
  9. John Paulson: $2,400 – $4,000 (by 2012);
  10. Paul Tustain: $3,844;
  11. Myles Zyblock: $3,800;
  12. Eric Roseman: $2,500 – $3,500 (by 2015);
  13. Christopher Wood: $3,360;                                                                                                   
  14. Franklin Sanders: $3,130;                                                                              
  15. John Henderson: $3,000+ (by 2015 – 17);
  16. Michael Berry: $3,000+ (by 2015);                                                                                   
  17. Hans Goetti: $3,000;
  18. Michael Yorba: $3,000;
  19. David Urban; $3,000;
  20. Mitchell Langbert: $3,000;
  21. Brett Arends: $3,000;
  22. Ambrose Evans-Pritchard: $3,000;
  23. John Williams: $3,000;
  24. Byron King: $3,000;
  25. Ron Paul: $3,000 (by 2020);                                                                                                              
  26. Chris Weber: $3,000 (by 2020);                                                                                                           
  27. Mark Leibovit: $3,000;                                                                                                                     
  28. Mark O’Byrne: $3,000;                                                                                                                   
  29. Kevin Kerr: $3,000;  
  30. Frank Holmes: $3,000;
  31. Shamik Bhose: $3,000 (by 2014)                                                               

Cumulative sub-total: 121

These 12 Analysts Believe Gold Will Go to Between $2,500 and $3,000                    

  1. Ian McAvity: $2,500 – $3,000 (by 2012);
  2. Jeff Nichols: $2,000 – $3,000;
  3. Graham French: $2,000 – $3,000;                                                                                                                          
  4. Bank of America Merrill Lynch: $2,000 – $3,000;                                                 
  5. Joe Foster: $2,000 – $3,000 (by 2019);                     
  6. David Morgan: $2,900;                                            
  7. Sascha Opel: $2,500+;
  8. Rick Rule: $2,500 (by 2013);
  9. Daniel Brebner: $2,500;              
  10. James DiGeorgia: $2,500;                
  11. Peter Hambro: $2,500 (by 2012);                                                                        
  12. Charles Nenner: $2,500 (by 2012 – 13)

Grand Total: 133

Conclusion

There you have it. Who would have believed that 133 distinguished analysts would maintain that gold and by implication, silver,  are likely to achieve such lofty levels as a result of the effects of our current financially troubled and volatile times? Their rationale is varied but each is sound in its own right.

If we are to put any credence whatsoever into the rationale presented by the above analysts then it seems prudent to seriously consider owning some physical gold and silver and/or the stocks and/or long-term warrants (see here (4) and here (5) for details on specifically which warrants and how to go about buying them)  of those companies that mine these precious metals.

*Original Source

Titles and Links to Articles Referenced Above:

  1. What’s the Difference Between 1 Gold Karat, 1 Diamond Carat and 1 Troy Ounce?
  2. Update: Why $300+ Silver is a Realistic Future Peak Price
  3. Which Gold and Silver Assets (and How Much) Should You Own? 
  4. Gold & Silver Warrants Index (GSWI) Update 
  5.  Buying Gold & Silver Company Warrants is Easy & Profitable – Here’s How (and Why!)

Editor’s Note:

  1. The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
  2. Permission to reprint in whole or in part is gladly granted, provided full credit is given as per paragraph 2 above.
  3. Sign up to receive every article posted via Twitter, Facebook, RSS Feed or our FREE Weekly Newsletter.

Gold

 

14 comments

  1. Great article – I’m with Jim Sinclair.

    Will you make a list called “2 analysts that can no longer be called analysts” and feature Paul Krugman and Dennis Gartman?

    @Master and Student. There is a massive bubble but it isn’t in PMs – it’s in DEBT, and when it blows, you’ll be thanking this list for it’s insight.

    Hi ho silver too.

  2. Francis Bart Bertholic Jr says:
    May 17, 2011 at 8:52 am
    Good article — time will tell about its accuracy

    The Bible tells you exactly about its accuracy:
    Isayas 2 vers 20: In that day a man shall cast his idols of silver, and his idols of gold, which they made [each one] for himself to worship, to the moles and to the bats;

    That means men shall cast (throw away) his precious things, gold, silver, etc. away and will try to flee. Simple so. Because some clever scrooges made much money with this histerical hype, and leave you with totally nothing but worthless metall you can`t eat ot feed. The problem is not the gold or silver, the problem is nobody believes the Bible which is warning us to be carefull. In the time of the old Egyptians the most precious metal was IRON, and it was payed with GOLD. Economically gold is worth ten times less than iron. But: Just go on, buy gold by the kilos, liters and tons, and look where you`ll end up.

  3. No one is talking of a bubble yet?

  4. What a joke. Too bad there isnt a single credible person on that list.

    • Not a single credible person? When your planet exploded, did many of your kind make it safely back to Earth? How are you finding dealing with intelligent life forms here?

  5. If gold goes to zero, my guess based on reading Sinclair articles its over $12,000 ounce!

  6. @Robert: priceless

  7. Well my forecast is an absolute ZERO worth for gold in about two years from now.
    If US dollar goes to zero, how much is it going to cost an ounce or gram of gold?
    I really would like to hear an answer to this one.

    • Um, no – if $=0, you won’t be ABLE to buy an ounce of gold with that worthless piece of paper. Who would exchange a piece of their shiny metal that has served as money for 5000 years for a piece of paper that represents the US Government’s debt to the FRB?

  8. Good article — time will tell about its accuracy

  9. While I think this is a list that links to some interesting websites and information and views worth thinking about, I continue to believe predicting a future physical gold or silver price is akin to playing the children’s party game ‘spin the tail on the donkey’. As you know, when playing that game a child is blindfolded, spun around to make him/her dizzy, given a pin in the shape of a ‘donkey’s tail, pointed toward a wall where a ‘tail-less donkey’ picture resides, and asked to pin the donkey’s tail in the right spot on the donkey’s picture.

    My view is that there is far to much economic and economic related uncertainty in the world today to predict very much with accuracy – let alone a price target for physical gold and physical silver. I have said that many times in these e-mails.

    What does make sense to me is to predict physical gold and physical silver price trends, which I for the time being at least is more likely than not to continue upward – with interim drops likely as upward price progress is made.

    Ian R. Campbell
    http://www.stockresearchportal.com

  10. I don’t think anyone can say what the price of gold will be in this year or year after that. I think some of the predictions are a joke, $10,000 by the end of 2011 or 2012! Ridiculous if you ask me. Anyway, these crazy predictions can raise red flags to some investors. The predictions are too extreme, no data backing is explained and it makes one wonder if its a way to get readers into precious metals or sell their products. Really, no one has a crystal ball, please stop the silly predictions. The US is a economic giant and it will take a heck of a lot of downward spiral of factors to quickly bring the fiat currency to its knees. The power of the FED and government know what the heck their are doing with the economy and won’t let things get so bad that gold will be $10,000 within three years or less. If gold went that high, I wouldn’t have it in this country that’s for sure.

    • Cathy – click through the links, and read a little bit further than the headline of the article. The intel is there for those with half a brain. Compare the US debt levels, economic outlook, over-burdened welfare commitments, the effects of obankster’s stimulus thus far (only adding to the fire) and the systematic dismantling of your once great nation and the gutting of its industry, and you have a pretty decent definition of extreme, do you not?

      Just because it’s a big and scary number, does not provide ANY basis to refute it. Can you remember silver being at $5 a few years back? Were you sitting in your analyst’s chair then buying? How about Gold at $250? Now at $1615? Extremeties are features of history – but you haven’t seen anything yet.

      Final point – the PTB DO know exactly what they’re doing – you’re right on that point. Where you’re wrong is that what they’re doing is NOT for you – it’s for them, at your expense. How can you not see that? Do you still see the GOP and Dems as two separate parties? How quaint!

      (No offence.)